Advanced Macroeconomics (ECON40002)
HonoursPoints: 12.5On Campus (Parkville)
Overview
| Availability | Semester 1 |
|---|---|
| Fees | Look up fees |
This subject presents recent developments in macroeconomics. There will be a mix of theory and applications. The main theories to be covered may include overlapping generations models, dynamic optimisation, real business cycle theory, intertemporal open economy models and the theory of economic growth. Various theories will be illustrated using examples drawn from domestic and international policy issues, as appropriate.
Intended learning outcomes
On completion of the subject, students should be able to:
- Explain how macroeconomic researchers identify issues in macroeconomics that are important research topics
- Explain some of the techniques used by macroeconomic researchers to create knowledge;
- Evaluate the contribution of some recently created knowledge in macroeconomics;
- Synthesise some of the recently created knowledge in macroeconomics;
- Apply macroeconomic theory to analyse the potential of macroeconomic policy to improve economic welfare;
- Collaborate with others to present the content of a recent article on macroeconomics from a professional journal;
- Analyse macroeconomic material presented by the lecturer and other students;
- Explain contemporary issues in macroeconomics;
- Describe the role and limitations of government in improving individual welfare.
Generic skills
-
High level of development: oral communication; written communication; collaborative learning; team work; application of theory to practice; critical thinking; synthesis of data and other information; evaluation of data and other information.
-
Moderate level of development: problem solving; interpretation and analysis; accessing data and other information from a range of sources; receptiveness to alternative ideas.
-
Some level of development: statistical reasoning; use of computer software.
Last updated: 15 November 2024
Eligibility and requirements
Prerequisites
Admission into or selection of one of the following:
- BH-COM Bachelor of Commerce (Degree with Honours)
- MC-ECO Master of Economics
- GD-ECO Graduate Diploma in Economics
- Economics specialisation (formal) in the BH-ARTS Bachelor of Arts (Degree with Honours)
OR
| Code | Name | Teaching period | Credit Points |
|---|---|---|---|
| ECON30009 | Macroeconomics | Semester 2 (On Campus - Parkville) |
12.5 |
Corequisites
None
Non-allowed subjects
None
Recommended background knowledge
Please refer to Prerequisites and Corequisites.
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 15 November 2024
Assessment
| Description | Timing | Percentage |
|---|---|---|
Assignment 1
| Week 4 | 5% |
Assignment 2
| Week 6 | 5% |
Assginment 3
| Week 9 | 5% |
Assessment 4
| Week 11 | 5% |
Group Presentation (4-5 students per group)
| From Week 9 to Week 12 | 15% |
End-of-semester Examination
| During the examination period | 65% |
Last updated: 15 November 2024
Dates & times
- Semester 1
Coordinator Mei Dong Mode of delivery On Campus (Parkville) Contact hours Three 1-hour lectures and one 1-hour tutorial per week. Total time commitment 170 hours Teaching period 26 February 2024 to 26 May 2024 Last self-enrol date 8 March 2024 Census date 3 April 2024 Last date to withdraw without fail 3 May 2024 Assessment period ends 21 June 2024 Semester 1 contact information
Mei Dong: mei.dong@unimelb.edu.au
Time commitment details
170 Hours
What do these dates mean
Visit this webpage to find out about these key dates, including how they impact on:
- Your tuition fees, academic transcript and statements.
- And for Commonwealth Supported students, your:
- Student Learning Entitlement. This applies to all students enrolled in a Commonwealth Supported Place (CSP).
Subjects withdrawn after the census date (including up to the ‘last day to withdraw without fail’) count toward the Student Learning Entitlement.
Last updated: 15 November 2024
Further information
- Texts
- Related Handbook entries
This subject contributes to the following:
Type Name Course Master of Economics Course Graduate Diploma in Economics - Available to Study Abroad and/or Study Exchange Students
Last updated: 15 November 2024